盾安环境拟开展不超1.8亿美元外汇套期保值业务

Core Viewpoint - The company, Shun'an Environment, has approved a foreign exchange hedging plan to mitigate currency fluctuation risks associated with its international trade operations, with a total amount not exceeding $18 million [1][2]. Group 1: Purpose and Business Situation - The company aims to conduct foreign exchange hedging to manage risks from increasing export sales and foreign exchange market fluctuations [2]. - The hedging activities will include forward foreign exchange contracts, currency swaps, and options, primarily involving USD, EUR, and THB [2]. - The maximum trading margin and premium for the hedging activities will not exceed RMB 60 million (including equivalent foreign currency) [2]. Group 2: Feasibility and Risk Analysis - The increasing proportion of foreign income makes foreign exchange derivative trading beneficial for reducing exchange rate risks [3]. - The company has established a management system for foreign exchange hedging, ensuring effective risk control measures [3]. - Potential risks include market risk, exchange rate fluctuation risk, internal control risk, and customer default risk [3]. Group 3: Risk Control Measures - The company has implemented measures such as defining operational principles, enhancing currency research, and adhering to non-speculative trading practices [4]. - Strict control over foreign exchange funds and receivables management is emphasized to align cash flow with hedging activities [4]. - The company asserts that the foreign exchange derivative trading will enhance risk management capabilities and is compliant with legal and regulatory standards [4].